Economic activity - GRACE

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GRACE can consider up to 65 production sectors based on the GTAP database v. 10. The model also distinguish private consumption, public consumption, and investments. The bilateral trade is also modeled at sectoral level. Capital assets are allowed to move from one region to another while labor supply and natural resources are immobile across regions.

Alert-warning.png Note: The documentation of GRACE is 'under review' and is not yet 'published'!

Model Documentation - GRACE

Corresponding documentation
Previous versions
No previous version available
Model information
Model link https://sites.google.com/view/taoyuanwei/home/grace
Institution Center for International Climate Research (CICERO), Norway, https://cicero.oslo.no/en.
Solution concept General equilibrium (closed economy)
Solution method SimulationRecursive dynamic solution method
Anticipation